If the production function is given by $Y = K ^ { 1 / 4 } L ^ { 3 / 4 }$ and K = 81 and L = 2.5, total output equals about:
A) Y = 1
B) Y = 0.3
C) Y = 22.1
D) Y = 6.0
E) Y = 82.4

Question

Quizplus · Accepted Answer

To find the total output $Y$, substitute $K = 81$ and $L = 2.5$ into the production function: $Y = 81^{1/4} \times 2.5^{3/4}$. Calculating this gives $Y \approx 6.0$.

If the Production Function Is Given By Y=K1/4L3/4Y = K ^ { 1 / 4 } L ^ { 3 / 4 }Y=K1/4L3/4

If the Production Function Is Given By $Y = K ^ { 1 / 4 } L ^ { 3 / 4 }$